AMD Expects Profit to Triple! Are You Missing Out on its AI Story?
AMD is rallying in pre-market trading. At AMD’s Analyst Day, the CEO shared an optimistic outlook for the AI market and expects AMD’s sales to accelerate over the next five years.
She also revealed AMD’s financial targets for the next three to five years. AMD aims to capture a “double-digit” market share in the data center AI chip market, with annual revenue from data center chips expected to reach $100 billion within five years.
With its rapid AI push and expanding data center business, is AMD catching up with Nvidia?
Can the stock hit $300 in 2025?
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